subject: E - Business Development [print this page] E - Business Development E - Business Development
INTRODUCTION TO E-BUSINESS: Electronic Business or eBusiness is a term that refers to the utilization of internet technologies to promote a business or running a business online. In general, it might refer to any business run using a computer. However, it usually indicates business development using Internet. eBusiness methods allow the companies to connect their processing systems with efficiency and flexibility so as to satisfy the needs of the customers more effectively. Purchase, transfer or exchange processes are all carried across computer networks. E-BUSINESS MODELS: A business model is the organization of products and services and the source of revenues .the most commonly adopted e-Business models used for business development include: E-malls, E-Commerce, Telecommunications, e-Shops, E-auctions, Collaboration Platforms, Information Brokerage and E-procurement. When organizations start up with an e-Business, it is crucial for them to first analyze which model best suits their objective. E-BUSINESS SECURITY: With the advancement in the security of web browsers and with the digital certificates, the concern for security of ebusiness has subsided and ebusiness is rapidly growing today. Business transactions can be made safely with trusted security. E-BUSINESS DEVELOPMENT CHARACTERISTICS: An e-Business development has common linked characteristics with any complex business development system. They typically include:
Consumer focus
Setting up business rules
Complex data structures
Complex and reliable final results
Tight time schedules
DIFFERENCE IN E-BUSINESS DEVELOPMENT: The basic difference of eBusiness development from a normal business development is that in eBusiness the emphasis lies majorly on business modeling, performance testing and user-interface design. E-business technologies are used to define its structure. TECHNOLOGIES OF EBUSINESS: The advancement and revolution of technologies provides business with new tools for business development. The primary technology for any e-Business is the Internet that proves as a platform for such business. Few technologies used in e-Business include programming languages such as HTML, Java etc., Scripted server pages such as Java Server Pages, Microsoft Active Server Pages etc. Components like Microsoft ActiveX etc. Several other technologies are also used for the purpose of eBusiness. BENEFITS OF EBUSINESS: A cost effective business strategy can be adopted by eBusiness. Easier communication and marketing strategies can be easily carried out using eBusiness. Your web presence is felt more virtually. It helps you to reach your local customers more effectively. Advertising and marketing costs are cut efficiently. Promotion of your product is not only cost effective but also allows you to target a wide variety of customers online. Communication and telephone costs are cut rapidly. Ordering process is also made easy by taking orders online. NEGATIVE SIDE OF EBUSINESS: Limitation in Sectors: Certain sectors are not benefitted with ebusiness. For example, the food sector. Food being perishable items is not benefited in terms of eBusiness. Customers prefer buying them from the supermarkets rather than preferring e-markets. Expensive Optimization Solutions: Many resources are taken up for selling the products online such as computer networks, updating of website etc. It is evident that the positive aspects of eBusiness outweigh the darker side. It is predictable that eventually every business are likely to adopt to eBusiness in the future.
